Innergex Renewable Energy Inc. completes sixth-largest IPO done in 2007
Date Closed
December 6, 2007
Lead Office
Québec City
Value
173.80 Million CAD
On December 6, 2007, Innergex Renewable Energy Inc., an independent developer and operator of renewable power generating facilities with a focus on hydroelectric and wind projects, completed its initial public offering in Canada of 10,455,000 common shares at a price of C$11.00 per common share for total gross proceeds of C$115,005,000 and issued an additional 5,342,620 common shares, in the aggregate, to Régime de Rentes du Mouvement Desjardins, Caisse de dépôt et placement du Québec, TD Capital Group Limited, Kruger Inc., Master Trust and Sun Life Assurance Company of Canada (collectively, the "Institutions") on a private placement basis, also at a price of C$11.00 per common share, for gross proceeds of C$58,768,822. Innergex Renewable Energy Inc.’s issue was the sixth-largest IPO done in 2007.
McCarthy Tétrault LLP advised Innergex with a team led by Marc Dorion.